Department of Inland Revenue has published a Application Form for Profile Update (For Company). Click here to download Application All taxpayers are required to update their profile with the relevant activity code in the IRD system. This can be done by updating the profile information via e-Service or by sending the requested information and documents…
Ministry of Finance has published New Gazette on VAT changes with effect from 1 December 2019. Download Gazette 2151/52 – English Download Gazette 2151/52 – Sinhala
Ministry of Finance has issued a Government Notice on Luxury Tax on Motor Vehicles. Download Government Notice on Luxury Tax on Motor Vehicles
Companies incorporated under the Companies Act No. 07 of 2007 Request letter Affidavit Copy of Business Registration Certificate Copy of Form 01 Copy of From 20 NIC or Passport copy of Director who signed request letter Letter of authorization NIC or Passport copy of authorized person Proprietorship / Partnership Request letter Affidavit Copy of Business…
In Sri Lanka, employment income taxation has undergone significant reforms in recent years, especially with the revival of Advance Personal Income Tax (APIT). For the Year of Assessment (YA) 2024/2025, salaried employees must be aware of how primary and secondary employment income is taxed and the importance of filing T-10 forms. This article serves as…
The Hon. Minister of Finance and Mass Media has granted approval, in terms of Section 19A of the Customs Ordinance as amended, to grant general duty waiver of Customs Import Duty on importation of Petrol and Diesel w.e.f. December 15, 2017. Customs Duty Waiver on Petrol and Diesel Effective from 2017.12.15 Source : www.customs.gov.lk
Department of Inland Revenue has issued a new public ruling on taxpayers who have been granted the approval to change the accounting period under the Inland Revenue Act No. 10 of 2006. Download the Public Ruling – PR/IT/2018/01
The return of Nation Building Tax (NBT) for Quarter ended with December 31, 2019, is required to furnish on or before January 20, 2020. Accordingly, any person/partnership who/which engages in the business of processing of any locally procured agricultural produce in the preparation for sale and his/its liable turnover exceeds twenty-five million (Rs. 25 Mn,)…
Inland Revenue Department (IRD) has introduced an Online Tax Payment Platform (OTPP) with effect from 08.02.2020, in addition to the existing tax payment methods to make tax payment with the collaboration of below mentioned banks. In addition to the banks initially interfaced with IRD for this purpose, People’s Bank also provide OTPP facility and in…
Taking in to account the prevailing situation in the country, the services of the Customer Information Update Unit can be availed via IRD e-Services. Download IRD Notice No. PN/TPS/2020-3 (Amended) | Dated: 17 November 2020 for the steps to be followed.
Taking into account of the prevailing situation in the country, the validity period of all VAT Active Certificates (which are expiring on or after October 01, 2020) issued by the Inland Revenue Department to the VAT registered persons are extended until December 31, 2020. Download IRD Notice No. PN/TC/2020-07 | Dated: 02 November 2020
Join EY’s 20th Post Budget Conference 2020 LIVE on Microsoft TEAMS. To receive the event invite send your joining instructions here: https://cvent.me/7kWk94 FREE ENTRANCE / REGISTRATION
As approved by the Cabinet of Ministers and instructed by the Ministry of Finance on December 31, 2019, pending formal amendment to the Inland Revenue Act No. 24 of 2017, WHT on service fee payable to any Resident Individual {whose payment made by any WHT Agent exceeding Rs. 50,000/- per month and deducted at 5%…
Department of Inland Revenue has published updated schedules for WHT Credit which are required to be submitted together with Income Tax Return. Individuals Schedule for Withholding Tax Credit Schedule for Withholding Tax Credit (Amendment) Partnerships Schedule for Withholding Tax Credit Schedule for Withholding Tax Credit (Amendment) Resident, Non-Resident Companies, Entities and Corporations, etc. Schedule for…